Pinnacle Holdings LLC Lowers Holdings in Two Rivers Bancorp (NASDAQ:TRCB)

Pinnacle Holdings LLC decreased its holdings in Two Rivers Bancorp (NASDAQ:TRCB) by 4.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 56,697 shares of the financial services provider’s stock after selling 2,336 shares during the quarter. Pinnacle Holdings LLC owned 0.65% of Two Rivers Bancorp worth $814,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Two Rivers Bancorp by 14.5% in the second quarter. BlackRock Inc. now owns 40,110 shares of the financial services provider’s stock valued at $576,000 after purchasing an additional 5,084 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Two Rivers Bancorp by 26.8% in the second quarter. Renaissance Technologies LLC now owns 99,387 shares of the financial services provider’s stock valued at $1,427,000 after purchasing an additional 21,000 shares during the period. Context BH Capital Management LP boosted its stake in shares of Two Rivers Bancorp by 18.7% in the second quarter. Context BH Capital Management LP now owns 24,981 shares of the financial services provider’s stock valued at $359,000 after purchasing an additional 3,941 shares during the period. Acadian Asset Management LLC boosted its stake in shares of Two Rivers Bancorp by 44.8% in the second quarter. Acadian Asset Management LLC now owns 47,814 shares of the financial services provider’s stock valued at $687,000 after purchasing an additional 14,795 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in shares of Two Rivers Bancorp by 21.8% in the second quarter. Wells Fargo & Company MN now owns 9,457 shares of the financial services provider’s stock valued at $135,000 after purchasing an additional 1,695 shares during the period. 24.71% of the stock is owned by institutional investors and hedge funds.

Two Rivers Bancorp stock traded up $0.22 during trading on Friday, reaching $20.68. The stock had a trading volume of 79 shares, compared to its average volume of 29,138. Two Rivers Bancorp has a 52-week low of $11.54 and a 52-week high of $20.49. The business has a 50 day moving average price of $17.51 and a 200 day moving average price of $15.76. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.29. The stock has a market cap of $171.55 million, a PE ratio of 15.77 and a beta of 0.30.

Two Rivers Bancorp (NASDAQ:TRCB) last issued its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. Two Rivers Bancorp had a net margin of 22.19% and a return on equity of 9.95%. The company had revenue of $10.66 million during the quarter, compared to the consensus estimate of $11.08 million. On average, equities analysts predict that Two Rivers Bancorp will post 1.34 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 9th were paid a $0.07 dividend. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $0.28 dividend on an annualized basis and a yield of 1.35%. Two Rivers Bancorp’s dividend payout ratio is currently 21.37%.

Several research analysts have recently commented on TRCB shares. Boenning Scattergood lowered shares of Two Rivers Bancorp from an “outperform” rating to a “neutral” rating and set a $18.00 price objective for the company. in a research note on Monday, August 12th. Zacks Investment Research lowered shares of Two Rivers Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, July 30th. Finally, ValuEngine raised shares of Two Rivers Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, August 10th.

Two Rivers Bancorp Profile

Two River Bancorp operates as the bank holding company for Two River Community Bank that provides a range of banking services to small and medium-sized businesses, not-for-profit organizations, professionals, and individuals. The company offers deposit products, including checking, savings, and money market accounts, as well as certificates of deposit.

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Institutional Ownership by Quarter for Two Rivers Bancorp (NASDAQ:TRCB)

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